TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Investors cool on stocks

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Andrew Tangel
Saturday, Feb. 23, 2013, 12:01 a.m.
 

Investors have been plowing billions of dollars into stocks this year, but new data show the torrent of money has been slowing this month — particularly into U.S. equities.

Starting in January, investors began pouring into stocks after President Obama and Congress defused much of the “fiscal cliff.” The Federal Reserve, meanwhile, has nudged investors into riskier assets like stocks by lowering interest rates and making safer investments less attractive.

In the week ending Jan. 16, investors shoved $9.2 billion into equity mutual funds, according to data from the Investment Company Institute.

But the inflows have been tapering off, and in the week ending Feb. 13, investors put $5.7 billion into stock funds.

The slowdown into domestic stocks has been more pronounced. In the week ending Jan. 16, investors put $4.9 billion in U.S. equity funds. By the week ending Feb. 13, the inflow had slowed to $509 million, according to ICI data.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Steelers re-sign DE Geathers
  2. Authorities release name of Greensburg man who jumped off overpass onto Route 30
  3. Former Pittsburgh teacher to stand trial on felony charge involving student
  4. Operating loss widens at Highmark parent
  5. District attorney will review grand jury’s report on AG Kane
  6. Starkey: Penguins’ season impressive so far
  7. VA, police looking into suicide by veteran outside O’Hara facility
  8. Controversial McKeesport building destroyed by fire
  9. Pittsburgh diocese eliminates fees for marriage annulments
  10. Sandusky attorney, ‘victim’ of gambling addiction, waives hearing on charges he stole client funds
  11. Man dies in jump from Route 130 overpass onto passing tractor-trailer in Hempfield